Looking for instant personal loans has never been easier! With just a few taps on your smartphone, you can now secure an instant loan through the best personal loan applications available for download.
With these apps, you can experience quick approvals and flexible repayment options, allowing you to borrow up to ₹20 Lakhs and flexibly pay back anytime between 3 months to 72 months.
However, before jumping onto the best personal loan apps available in 2023, you must understand the factors you must consider while obtaining a loan.
Gone are the days of physically visiting a bank to secure a loan. With these best personal loan applications, you can get quick cash on your smartphone from the comfort of your own home.
You should keep some documents handy before applying to get a personal loan instantly.
*Application Form (Form 60)
*A copy of the PAN card
*Identity proof like passport, driving licence, or aadhaar card.
*Proof of address like ration card, electricity bill, or landline telephone bill.
*Proof of income like the latest payslip, Form 16, or copy of IT return.
Personal loan apps are a great way to secure quick and convenient financial assistance. While the apps mentioned above offer a wide range of features, our app - Fi Money - stands out with its 100% paperless and transparent process, giving you complete control and visibility over all details. Moreover, by setting up automatic in-app payments, you can enjoy instant loans of up to ₹5 Lakhs with no fear of late EMIs. So, why wait? Click here to learn more and take control of your finances Today!
In India, several websites are offering easy personal loans. Some of the best names include IndusInd Bank, Fi Money, PaySense, MoneyTap, Dhani, Nira, and CASHe.
Numerous loan applications promise fast approval and disbursement of loan amounts. While the best personal loan apps provide instant approval, the time to disburse the funds can range from a few minutes to several hours. However, you can complete the approval and disbursement process with Fi Money in minutes.
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Unified Payments Interface (UPI) | Epifi Technologies Pvt. Ltd ('Epifi Tech') is a Third-Party App Provider ('TPAP') - and acts as a service provider and participates in UPI through a Payment Service Provider ('PSP') Bank (Federal Bank). |
Savings Account and Deposits | Federal Bank offers savings account, fixed deposits and smart deposits to users on the Fi App (through Epifi Tech). Users' savings account and deposits are securely opened with Federal Bank. |
Cards | Fi Brand Pvt. Ltd. markets and distributes co-branded cards in partnership with Federal Bank and Visa. Cards are issued by Federal Bank. |
Loans | Epifi Tech facilitates loan distribution and acts as a lending service provider and/or digital lending application for various Banks, registered NBFCs and NBFC-P2P ('Lenders') List of Lenders. |
Mutual Funds | Epifi Wealth Pvt. Ltd. ('Epifi Wealth') is a registered investment adviser and provides a platform for mutual funds investment. Epifi Wealth has partnered with MFCentral to provide mutual funds analyser to users. |
Loans Against Mutual Funds | Epifi Tech in partnership with regulated entities including Epifi Wealth and Bajaj Finserv provides a platform for loans against mutual funds. |
US Stocks | Epifi Tech has partnered with US stock broker Alpaca Securities LLC to provide users the option to invest in US stocks. |
Connected Accounts | Epifi Wealth (as a financial information user), in partnership with Finvu and Onemoney, provides users the option to link their existing financial accounts on Fi. |
Credit Analyser | Epifi Tech (as a non-specified user) in partnership with Experian and CIBIL provides insights on users' credit scores |
Fi-Coins | Fi-Coins are earned under a reward programme for engaging with products and services on the Fi App. |
Fi Store | Fi-Coins can be redeemed on products and services listed on Fi Store such as merchandise, gift cards, air miles, among other things. |
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Fi is a money management platform that offers the perfect solution for all your financial needs. The Federal Bank Savings Account offered through Fi is an online savings account that you can open in 3 minutes! It goes beyond online account opening, as it has helped reimagine the banking experience in India
Through Fi, you can do more: apply for an instant personal loan, pick from many types of Mutual Funds, select the best SIP to invest in US Stocks, apply for a forex-free Debit Card (works for select account plans) to use while travelling abroad, analyse/improve their portfolio, get a 360-degree view of your spend insights and take steps building wealth.
You can also utilise Fi's free personal loan resources, such as the Personal Loan and EMI calculator, before proceeding to the quick loan application process. All of this is why over 35 lakh Indians feel that Fi is the only financial app you will ever need.